New York State Teachers Retirement System Sells 9,811 Shares of Camden Property Trust (NYSE:CPT)

New York State Teachers Retirement System decreased its holdings in Camden Property Trust (NYSE:CPT - Free Report) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,035 shares of the real estate investment trust's stock after selling 9,811 shares during the period. New York State Teachers Retirement System owned about 0.08% of Camden Property Trust worth $10,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Camden Property Trust by 0.5% during the third quarter. State Street Corp now owns 7,118,930 shares of the real estate investment trust's stock worth $886,693,000 after purchasing an additional 36,528 shares during the period. FMR LLC grew its position in Camden Property Trust by 14.5% during the third quarter. FMR LLC now owns 3,297,370 shares of the real estate investment trust's stock worth $407,324,000 after buying an additional 416,701 shares in the last quarter. Geode Capital Management LLC grew its position in Camden Property Trust by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,739,831 shares of the real estate investment trust's stock worth $337,394,000 after buying an additional 20,097 shares in the last quarter. Wellington Management Group LLP grew its position in Camden Property Trust by 86.9% during the third quarter. Wellington Management Group LLP now owns 1,974,842 shares of the real estate investment trust's stock worth $243,952,000 after buying an additional 918,078 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Camden Property Trust by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,742 shares of the real estate investment trust's stock worth $185,140,000 after buying an additional 51,742 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CPT. StockNews.com downgraded Camden Property Trust from a "hold" rating to a "sell" rating in a research report on Thursday. Wells Fargo & Company reduced their price target on Camden Property Trust from $127.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Stifel Nicolaus increased their price target on Camden Property Trust from $121.00 to $122.00 and gave the stock a "hold" rating in a research report on Friday, February 7th. Scotiabank raised their target price on Camden Property Trust from $130.00 to $135.00 and gave the company a "sector perform" rating in a report on Friday, February 14th. Finally, Barclays raised their target price on Camden Property Trust from $126.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $126.53.

Camden Property Trust Price Performance

Shares of NYSE CPT traded down $0.92 during mid-day trading on Friday, hitting $119.93. 805,388 shares of the stock traded hands, compared to its average volume of 877,583. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. Camden Property Trust has a twelve month low of $92.26 and a twelve month high of $127.69. The company has a market cap of $12.79 billion, a PE ratio of 79.95, a price-to-earnings-growth ratio of 4.41 and a beta of 0.94. The firm has a 50 day simple moving average of $115.03 and a two-hundred day simple moving average of $119.31.

Camden Property Trust (NYSE:CPT - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $1.68 by $0.05. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. As a group, equities research analysts forecast that Camden Property Trust will post 6.76 EPS for the current fiscal year.

Camden Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Monday, March 31st. This is a positive change from Camden Property Trust's previous quarterly dividend of $1.03. Camden Property Trust's payout ratio is 274.67%.

Insider Buying and Selling at Camden Property Trust

In related news, CFO Alexander J. Jessett sold 1,862 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $204,931.72. Following the completion of the sale, the chief financial officer now owns 122,384 shares of the company's stock, valued at $13,469,583.04. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard J. Campo sold 7,324 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $114.50, for a total transaction of $838,598.00. Following the transaction, the chief executive officer now owns 300,135 shares in the company, valued at $34,365,457.50. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,413 shares of company stock worth $2,895,718. Insiders own 1.80% of the company's stock.

About Camden Property Trust

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.